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news. he and the philippine news have played a major role in the growing visibility and activism an outspoken critic of the late president marcos and despite bribes from the administration he continued to fiercely expose the human rights violations of the dictator. seven kids in the sunset and produced the philippine news from their headquarters south of market to become the most read filipino newspaper in the united states with circulation of 120,000. he's founding chairperson of national federation of philippine american association, been a voice for immigrants rights, farm workers struggle and -- equity for over five decades. last month he received a lifetime achievement award from the filipino-american press club. he is survived by his wife and seven kids. >> clerk calvillo: thank you, supervisor avalos. supervisor mar. >> supervisor mar: thank you. i first wanted to ask if we could -- meeting in memorium for fay bingham. she passed away november 2, 2012 at the age of 91. she was born in harrison, southh dakota. she moved to san francisco and resided in richmond for at least
melting of the arctic to superstorm sandy to the massive typhoon in the philippines. 2012 will also be remembered for a series of mass shootings from aurora, arata, to the sikh temple, to be shooting in newtown, conn.. the case around trayvon martin sparked national protest after officials refused to arrest george zimmerman. president obama continues his secret drone wars. we spend the hour looking back at the moment and movements that shaped 2012. >> democratic congresswoman gabrielle giffords has announced she will step down this week. she was shot in the head last year in a shooting spree that left six people dead in tucson. >> thank you for your prayers and for giving me the time to recover. i have more work to do on my recovery, so i will do what is best for arizona. i will step down this week. >> iraqis are voicing outrage over the sentencing of the last marines charged in the 2005 massacre of 25 civilians. on tuesday, frank woodrich received no jail time. >> i was expecting the american courts would sentence the person to life in prison. he should appear and confessed to the
after a typhoon hit the philippines. here is some of the pictures of that storm ravaged compancountry. dozens of others are missing characters are struggling to reach remote areas in the southern philippines after a powerful typhoon slammed intov min danao. the typhoon rig up trees and houses with winds reaching for near 10--near 100 in moscow our dream was lights flashing floods. 110 miles per urhour . >> we are catching a break in the bottle some light rain for petaluma. we did see heavy rain in our last report--novato. we are picking up moderate to heavy rain indicated by the yellow on your screen right around san palo stretching to berkeley. there is rain at the highway 480 interchange. pushing closer to berkeley. this will continue to shift south and east. light rain at the bay bridge toll plaza in all the approaches to discourage the drive for interstate 580, livermore valley. light rain being reported coming from ocean beach. as we turn our attention to the south bay we are not saying much as some light rain but not impacting any of the freeways. we will pick up into the latte
. >> reporter: typhoon bopha slammed into the philippines and homes were thrown through the air as one official said like flying machetes. three times the amount of rain that the area would normally receive in the entire month of december in only three hours. many of the deaths are being attributed to flash floods and drowning. a powerful typhoon in december of last year killed more than 1200 people. officials say they learned a painful lesson from that storm and it may have saved lives this time around. >> we're expecting the worse because it's a super typhoon. we're more prepared this time. we're more prepared and we did pre-emptive evacuation and early warning this time unlike last year. >> reporter: the storm had been building over days and philippines' officials took action, evacuating 60,000 to shelters and those numbers have since grown. families huddled together, not much space though there is food and needed sleep. not all heeded the call to evacuate. this woman's mother died in the storm. >> translator: we didn't think the winds would get that strong. the floods were rushing towards u
dead. it's our top story and we go around the world in 80 seconds. the philippines, that storm leaving construction behind and a search for the missing. they're looking for signs of life under falling trees and rocks under the worst hit towns and hundreds of thousands of people outside of their homes in need of food, water and relief supplies. bangladesh. (siren sounding). >> protesters setting a bus on fire over the upcoming elections. people are using rubber bullets to the crowd of demonstrators, at least two people killed and more than 100 injured. india, a rescue operation to save bounded elephant that dot stuck in this mud put. they were working to help get him out of the bud and a similar situation, and heavy machinery to get a mama elephant and her calf out of an open well. germany, three tons of cake, the handiwork of 20 bakers for the 19th dez den festival. this sold and that might be good cake. >> teas a wrap on this fox trip around the world. the philippines reeling from the powerful typhoon, suffered an emotional blow last night you might say when their nation's most famous
: thanks, jon. jenna: desperate rescue and recovery underway in the philippines. a historic typhoon hammering that country killing at least 370 people. another 400 are missing. this story is still very much developing right now. families are searching for lost loved ones and scanning walls of pictures showing the dead as well as the missing. david piper joining us live by phone from nearby bangkok, thailand. david? >> reporter: hi, jeanne that. -- jenna. rescue teams are racing against time to find survivors from this disaster in the southern philippines. the typhoon boha swept across mindanoa. nearly 400 people are dead as you said but nearly 400 are remain missing. in eastern mindanoao where 400 people died. many killed by flash floods hit emergency shelters. the government warned the area before the typhoon struck. there seemed to be few places to go and those that did proved to be death traps. tens of thousands of people were moved to shelters ahead of the typhoon but in one town the shelters themselves were swept away by the flash floods. the town was hardest hit, 90% of the bu
. the strike cost the u.s. an estimate $1 billion a day. >>> typhoon bopha tearing up the philippines. it's triggering flooding, landslides in the southern part of the country. at least 77 people have been killed. dozens of buildings there are destroyed and the death toll is expected to climb higher. officials in the philippines fear typhoon bopha could be just as devastating as a storm that killed over 1,200 people in the region. that was just last year. >> here in the united states, we're getting our own helping of bad weather. karen mcginnis joins us live from atlanta. good morning. >> good morning, christine. we've seen four storms in just about a week. they have pumped in that moisture across the west coast. what now has been the pineapple express, this long fetch of moisture aimed at the west coast, in some cases produced as much as two feet of rainfall. and now we're looking at more of a northerly component that's moving in here. but still a number of rivers across portions of oregon and into california, they are looking at readings that will be, all right, it looks like we have a
was fired today, flying in the direction of the philippines. the white house called it provocative. the successful test firing follows four failures and the u.s. and other countries have to deal with a north korea that could be a big step closer to being able to launch a missile loaded with a nuclear weapon. experts say they have a long way to go before they can threaten neighboring countries and perhaps one day the west coast of the united states and they have yet to develop a warhead to fit atop that missile. but they're making significant progress. >> if it got to the stage it can reach los angeles. that's the significance for us. and we're just five days away from when kim jong-il passed away. so there's a symbolic importance for them doing this now. so this is the furthest they've gotten. so we have to keep an eye the closer they get. they have clearly made progress. >>> in other news this morning, and to capitol hill, the slow progress being made toward a fiscal compromise in this country that would avoid tax hikes for all of us come next year. president obama and house speak
of morsi and zero opponents. >> the death toll from the typhoon that hit the southern philippines has climbed to 350 people today. and nearly 400 people are still missing. the typhoon or hurricane hit hardest in the southern philippines were government officials say entire families were washed away. >> nato has called on north korea to cancel its plans for a second rocket launch. ambassadors said yesterday that a launch would violate you end resolutions and could decimalized the korean peninsula. north korea's state news agency announced their decision to launch a space satellite on saturday. russia and china both urged north korea on monday to not proceed with the planned rocket launch. >> welcome back. the top stories we're following at this hour. san francisco police are on the scene at a crash that happened just before 4:00 this morning. it happened on the corner of fall some and essex streets following a chase that started when the driver failed to yield. police are investigating the incident as a possible d u i. >> the local police force will not be subject to a federal takeover
, no drizzle, highs are in the 60s. >>> more than 400 people missing after a deadly typhoon in the philippines. the storm killed at least 300 people.$♪ it also caused flooding and landslide and left a quarter of a million people with no homes. they are trying to reach some of the hardest hit areas and they are a still looking for food for the people who survived. >>> there is no water damage for san francisco's tower and even the storm we had leaked into the monument over the weekend. crews are trying repair those leaks with plastic sheeting annual leaks and they are trying to steer water away from the murals. they will work to seal off the building by the end of this month. >>> crab bones remain at the docks. crabbers say brokers plan to drop the wholesale price from $3 a pound to a dollar 80. the price for the crabs has dropped so the prices have dropped as well. >>> work behind the scenes competition has already started. an italian challenger is accusing them of spying. oracle broke protocol by taking up close images of the new zeal land yachts. they say the alleged transgressions are ove
determine prospects for peace or war. in visiting thailand and the philippines in october, i was reminded of the economic vitality of southeast asia and the fact that that tend countries comprise an asean represent now the fourth largest export market of the united states. these countries are center stage. we must stand firm with our friends throughout asia and actively pursue prospects for free trade and open sea lanes and other policies that will strengthen american economic growth. more broadly, we face the specter of global resource constraints, especially efficiencies of energy and food that could stimulate conflict and deepen poverty. we have made startling gains in domestic energy production, but we remain highly vulnerable still to our dependency on oil, and perhaps equally important, even if we were able to produce more energy at home, we cannot isolate ourselves from energy shocks in the global economy. we have to cooperate with other nations in improving the global system of manufacturing and moving energy supplies. currently, a key to this is helping to assure the completion o
. >>> typhoon kills 274 people in the philippines. it destroyed homes. it left washed out road, downed power lines and lots of damage. >>> dr. phil's stolen '57 chevy has been found. the chevy belair in los angeles while investigating stolen cars. targeting repair shops and making off with the cars. dr. phil's chevy has minor body damage butto otherwise is in good condition. >>> tradition in south carolina was way too much for one giraffe. it was all caught on camera. ooh, melman the giraffe started shaking and jumping up and down at a tree lighting ceremony. in the end, the giraffe is not hurt and we're not really clear on why a jugiraffe was at a tre lighting ceremony anyway? that's a whole other story. we're back in a little bit. >>> able to diagnose alzheimer's with a simple phone call. >> they leave a voice recording. algorrhythm algorrhythms to that 99%. >> that's pretty incredible. >> if he succeeds, he could change the game for parkinson's patients and for doctors on "the next list." like a lot of things, trying to find a better job can be frustrating. so at university of phoenix we'
with a bible verse because that's what they do. and it's philippines chapter two verse four. each of you should look not only to your own interests, but also to the interests of others. >> thank you very much. next i'd like to invite up trend to come and media specialist at colorado state university. >> hi, i am kiersten a senior political science major at colorado state university. he would think is a graduating senior at the number one thing i would care about would be getting a job. and i guess in a way that's what a lot of people are thinking about. but i actually want to be a local government practitioner. and so i'm thinking about the debt in a totally different way. i think if we allow things to go as they are or make a decision that isn't the right decision, will find yourself unable to provide service is to local areas that we have promised, that we need and i hope to one day be a paradise. in in addition to that, fix that has amazing core principle is that regardless of where you come from, you can find a way to rally around. so reducing spending, tax reform and entitlement reform are
arthur brought her from the fill -- philippines to the u.s. >> dimples. dimples was her name. >> all right. she still died of an overdose of barbiturates. >> way to bring it down, andy. >> imagine the sex though. if it can make you stay in a war for how many years? wow. >> men fight wars over love. >> maybe it has rotated or something. >> stop it, andy, or bill or gavin or whatever your name is. you made me lose track of the name. that's why i have a list of names. >> let's talk about psy's apology. it is contradictory. first he says he is deeply sorry for how these lyrics are being interpreted. and then later he says he deeply regrets the inflammatory and inappropriate language he used. >> he did not write the apology and that's what upsets me. i don't care about apologies. if you are going to do it, write your own apology. >> but i do think, greg, i think we should give him the benefit of the doubt when he says he is sorry about how the lyrics are interpreted. it is a stretch to say kill those fing yankees. as meaning kill the fing yankees and daughters in law and fathers. you are stretching.
, south africa, next hour. >> it's the strongest tropical cyclone to hit the philippines in decades, but it's not over yet. people are faced with the task of rebuilding their lives. we'll look at how they're coping. ♪ (announcer) when subaru owners look in the mirror, they see more than themselves. so we celebrate our year-end with the "share the love" event. get a great deal on a new subaru and 250 dollars goes to your choice of five charities. by the end of this, our fifth year, our total can reach almost 25 million dollars. it's a nice reflection on us all. now through january 2nd. i have a cold... i took dayquil, but i still have a runny nose. [ male announcer ] truth is, dayquil doesn't work on runny noses. what? [ male announcer ] it doesn't have an antihistamine. really? [ male announcer ] really. alka-seltzer plus cold and cough fights your worst cold symptoms, plus has a fast acting antihistamine to relieve your runny nose. [ sighs ] thank you! [ male announcer ] you're welcome. that's the cold truth! [ male announcer ] alka-seltzer plus. ♪ oh what a relief it is! ♪ [
and the philippines, and expanding our mil-to-mil dialogue and exchanges with china. we are also enhancing our presence and capabilities in the region. that includes reality the naval fleet -- reallocating the naval fleet to achieve a 60-40 split between the pacific and atlantic oceans. hopefully will do that by 2020. increasing army and marine presence in the region, after iraq and afghanistan. locating our most advanced aircraft in the pacific, including the deployment of f-22's and the in the 22 ospreys in japan. and laying the groundwork for the first overseas deployment of the f-35 joint strike fighter in 2017. the third element of our strategy is that as we do force projection in the asia-pacific and in the middle east, we still have to maintain our global leadership and presence. i building innovative partnerships and partner capacity across the globe, and using these innovative rotational deployments as a way to do exercises and training with other countries, developing their capabilities so they can help provide for their own security. in latin america, in africa, in europe and elsewh
currency and commodity trading they're going to end early. in japan, indonesia, the philippines, they were all closed in europe. only the uk, french, dutch and spanish stock markets are open and they're going to be closing early. there are now only five trading sessions left in 2012. get your act together. stocks and bonds, solid gains so far this year. the dow has advanced 8% in total. the s&p 500 up almost 14%. the nasdaq has jumped 16%. it's been a good year. the end of the year also means we are just days away from the fiscal cliff, however, and that's the bad news. and looming tax hikes, spending cuts, all of that. both sides warning a very big deal becoming a bit more unlikely. >> and my one bit of advice to speaker boehner is this. you cannot pass a bill with just republicans. on a broad thing like this, you need both. and he has put himself with plan b and sort of an impossible position. he has to get these hard right goes to go along with him. and he and the president were going to say we're going to pass a deal with the majority of republicans and the majority of democrats in the
and is considering taking legal action against the radio station. >>> in the philippines, the death toll is climbing after a powerful typhoon lashed parts of the south pacific. this morning the number of deaths climbs to 350 and about 400 people are still missing. many of the dead and unaccounted for are from the southern parts of the nation. in one area, about 80 villagers and soldiers died if a flash flood that swamped two emergency shelters. a national weather service in the u.s. is reconsidering how they're issuing warnings. they're considering a new plan even if storms are no longer a hurricane or tropical storm. some have criticized the national hurricane center because it stopped issuing hurricane warnings after sandy's wind speeds dropped, which many have said caused people to disregard the danger of storm. meantime, the senate transportation committee will hold a meeting today to discuss thousand storm damaged transportation. >>> meantime, the district is about to get more help from the federal government for sandy cleanup. president obama has declared a major disaster in d.c. he ordered fe
philippines. senator enzi and i have a bill that would strengthen our relationship with the philippines called the save act. i'd like too see the administration work with the two of us to see what we could get done to have that relationship that's been so strong and has lasted so long become even closer, as we figure out how to trade with that economy in a way that makes them more stable and closer friends of the united states. and frankly we will benefit, as our work force will benefit from that agreement. there's a trans-atlantic trade agreement that puts news a putss us in a better situation to trade with the european union. this shoulyou have two mature es trying to trade with each oampleother.the normal negotiatt labor and other things that sometimes takes so longs frankly shouldn't take long. mr. president, you spent a lot of tomb with our nato partners, and they'd be the same partners that would be our trading partners, if we'll move forward there. and finally, let me say, we need a fresh trade policy for the americas. we now have trade agreements with six countries that were part of th
off the coast of south korea. the second stage of the rocket would fall in the philippines or near the philippines. a satellite is light weight compared to a one ton nuclear war head, but a lot of technology used to put a satellite in orbit is the same technology you can use to develop long range ballistic missiles. >> because that failed launch in april, what, it stayed in the air less than a minute or so, are they basically trying to do the same thing now that they failed to do then? >> there's a lot of speculation about that and a lot of experts think that this is a very quick turn around. that launch lasted, went so quickly, there was very little chance to learn much of anything from it. there's a possibility there was one failed part that the north koreans identified. some speculate that they timed their launches in accordance with certain events. in this case, we're coming up on the one year anniversary of the death of kim john-il, so that could be a motivator for this. but a lot of experts say because of the technology involved and the difficulty in getting the launches to s
the country back from the brink of disaster. >> a massive search-and-rescue effort in the philippines with 900 fishermen missing after a typhoon struck. >> new fallout to the growing political conflict in egypt. egyptians in egypt are flooding into the united states many live ing egypt because of the crisis and for their safety. and now, live in los angeles. dominic, what sort of scale is this wave of asylum seekers? >> napolitano at homeland security says we are seeing a doubling of seekers since the muslim brotherhood took power and 100,000 egyptians have turned up according to unofficial figures. it is mostly the coptic christians and we understand, as well, that new constitution does so little to protect minority rights including christians there and this is an attempt by the islamist to wipe out what remains, really, of the christian community in cairo. take a listen. >> christianity is in the middle coast where the cultures have become islamic, christianity only accounts for 3 percent of the middle east. how long will it continue? we dope know. it has to do with politics. >> it has to do
and cancel all work events for a week. >> growing misery in the philippines after a tie football with a death toll over 1,000. more than 800 are missing. >> in spain, more than 5,000 medical workers taking to the streets protesting budget cuts and plans to partly privatize the country's health care service. >>heather: the shooting in connecticut is one of the deadliest in united states history and by targeting very young people one of the most horrific. many are asking what could cause someone to do such a horrible thing. my next guest has been a former f.b.i. profiler and author of "dangerous instincts." based on what we have been told so far, by what we know, do you think that we are in i closer to knowing why? >>guest: well, we are getting closer to knowing why. i think the law enforcement folks that are conducting the investigation are being particularly careful, to be exact and precise about the information they provide once they complete the investigation because they know that people are emotional and angry so law enforcement will be very careful it is right on the money and accurate s
contestants from 89 countries. including runners-up, miss philippines and miss venezuela. in a few weeks, by the way, sam will be one of the judges for the miss america pageant. so, we asked, can another rhode islander make history? we'll find out, sam, when it airs on abc. >> i'm getting all my tips from lara, by the way. taking notes. >> there's a whole lot you need to know. >> i'm still learning. >>> here's a "downton abbey" christmas special. it's a gingerbread house or gingerbread estate. an exact replica of the estate on that hit period drama. the culinary construction work done by a utah man named smith jenson. isn't that credible? it is edible. in a long, long, long time. he probably, like all of us, cannot wait for the return of "downton abbey" on january 6th. just filling the need for a long, long time. >> a long, long time. >>> and finally in "pop news," say hello to a tiny giant. a 20-week-old baby panda, becoming a star at the san diego zoo. thanks to its website, it has a 24-hour panda cam that allows people to follow his progress. the little guest, and that's the translati
in prison. and at least 418 people in the philippines are dead in the wake of a powerful typhoon. hundreds more are missing and a quarter of a million people now homeless. survivors are in desperate need of water, food and shelter. the storm hit a southern island of the philippines where typhoons are not expected. and at least four people are dead and seven others missing after two ships collided off the coast of the netherlands. rescuers have called off the search for missing crew members. passing ships are being asked to be on the look out. officials say a container vessel collided with a car carrier in the north sea. the nationality of the crew is not yet known. and john travolta and olivia newton-john, they are back together again. yes, 34 years after "grease" the two are dropping an original single from their holiday album this christmas. it's called, i think you might like it. ♪ ♪ i can't help smiling >> i kind of like that. looks a little familiar there, doesn't it? just a bit. some of these moves look familiar. that's because the song was penned by the same person who wrote "yo
and officials say the ship will shoot down any message to the philippines or japan. apparently all pray and no play, and turns out the ground zero mosque that was supposed to be a cultural center is now an empty space with no community programs and it gathered to prepare for services and the only activity and apparently last year the company conundrum edison threatened to evict them because of 1.7 million dollars in unpaid back rent. and a massachusetts man wants to save the hostess, well, save hostess and the twinky. donald sheraton sent a letter to the ceo, the bankruptcy judge and offering to buy the company. he explains he wants to buy the company for a long time, but didn't have the capital. >> and even though it's a long shot, the deadline to buy hostess is tomorrow. you don't have any money? just write a letter i'd like to buy it. >> clayton: the twinkie. >> mike: don't forget the ding-dong. >> clayton: or don't tread on the devil dog. in college football, winners of the heisman, last night a first in college's highest honor. >> the 2012 winner of the heisman memorial trophy is.
.org. >>> more on the deadly typhoon striking the philippines right now. some of the other top stories in the situation room right now. what's the latest? >> at least 322 people were killed and more than 400 injured from that devastating typhoon and the death toll is expected to rise. with hundreds more missing. the filipino government says nearly 200,000 people are living in shelters. and rescuers are struggling to get some of the victims to many of the major roads and bridges by that storm. >>> it looks like north korea is getting for a rocket launch later this month. a new satellite image shows increased activity by workers on the launch pad. north korea is planning a launch between december 10th and the 22nd. it claims the launch is for science and research. the u.s. condemns the launch saying it is the same technology that would be used to launch a ballistic missile. >>> alan simpson is cutting loose gangnam style. >> stop tweeting your breakfast. >> yes, the republican from wyoming wants to convince people to get involved with lowering the national debt. he asks young americans t
whelms eapons on his o people. >>> more than 330 people are dead in the philippines after a typhoon. >>> proof that we can sure light up the night sky. new video released by nasa. you can see the city lights from around the globe. it's so awesome. it took nine days for a satellite to capture these images. it needed 312 trips around the earth to take all of the approxima pictures. they were mapped over existing imagery of the earth to make this one impressive view. wow. >>> zynga, the game company that makes farmville wants to dabble in real money. online gambling. it filed an application for a gaming license in nevada. the only state that currently allows it. it could help zynga make up for lost revenue from other games. >>> it will take years for new jersey to recover from sandy and its financial toll and now the governor is asking washington to help pay for all of the recovery. all of it. anncr: some politicians seem to think medicare and... social security are just numbers in a budget. well, we worked hard for those benefits. we earned them. and if washington tries to cram decisi
. >>> parts of the southern philippines is in sham belled after a typhoon hammered the country. the number will probably get higher because hundreds of people are still missing. 250,000 people are now homeless, and relief workers say many of them are in desperate need of water, food, and shelter. >>> in thailand a man who used to lead the government could be put to death for a deadly crackdown on protesters. reuters reporting that the former prime minister has been charged with ordering troops to use real bullets on anti-government demonstrators back in 2010. officials say he and his deputy are responsible for the deaths of dozens of civilians. now, if convicted they could face the death penalty or life in prison. >>> well, schools, new homes, and water wells, this village really getting an upgrade with the help of this man. he work as a concierge of d.c. with the help of powerful people in his building, he is able to give back to his hometown in africa. we'll talk with him next. and a choice. ritis n take tylenol or take aleve, the #1 recommended pain reliever by orthopedic doctors. just
working with us. the president and treasury secretary baker were in japan and visited philippines and indonesia. so he calls baker and i'm assuming it's about 12 hours difference. he said jim, the president's going to love this bill. he said he's really going to love it. and there's pause and baker is talking. jim, just tell him to shut up. his friends are not going to like this bill and are going to want to get to him but the president is going to like it and don't say anything to him until we can brief him. that's the way the bill passed and that was the process. >> that was the process back in 1986. can that be the process today? feels like a different environment. >> sort of watching "lincoln." when politics worked. i don't know. we are in the middle of a political test of wills on marginal tax rates and funny we aren't fighting the underlying principle, wealthy people ought to pay more and get our economy back on track. right now the president thinks he was vindicated by his victory and wants republicans to give on marginal tax rates and they don't want to do that. but he has
with condolences from australia, great britain, thailand, the philippines, members of the european union and other countries. we spoke with connecticut congressman jim time on this morning's "washington journal." >> among the many statements put out yesterday by congressmen and senators was this from representative jim himes in connecticut, replacing -- releasing a statement saying the "words cannot express the sadness and horror i feel at the horrendous shootings in connecticut. host: representative himes joins us by phone. where were you when you first heard about the shooting? guest: i was in washington. host: you are in the fourth district. this was in the fifth district, correct? the coat the town is just across the line to the fifth district, currently represented by chris murphy. it is part of fairfield county, just across the line from my district. host: your thoughts on the safety of the children going to school there? guest: that is a question on every parent's mind today. , and one of the interesting aspects of yesterday's events was set the school recently installed a security system t
. the central bank in the philippines had a huge negative equity. the central bank can go on without necessarily having a positive equity. they have all sorts of tools they can theoretically use other than having to unwind their balance sheet. they can increase reserve ratio, the interest rates they pay on excess reserves, and so on. they have a lot of control. that makes me less worried about the fed's balance sheet. not that i approve of what they are doing recently. i think they can get out of it fairly easily. >> i would add the presence of this massive fed undertaking, in almost a desperate way, gets at the underlying problem. this is not a monetary policy issue. it is a fiscal policy issue. we have a lack of leadership. the threat of the tax policy expiring all tax policy, much of which has been in place to over a decade, has been a congressionally made thing. congress refuses to work on it until now. reich lot -- likewise, they have refused to tackle the spending part, both of which get us to our debt. you have this honor lack of anything happening -- utter lack of anything happening res
about the capitol asset on the balance sheet because central banks worked in the philippines. the central bank had a huge negative equity. central banks can go on without necessarily having a positive equity. secondly, they have all sorts of tools that they can theoretically use other than having to unwind their balance sheets. they can increase their ratios, increase the interest rate they pay on excess reserves and so on. they have a lot of control which makes me less worried about the fed balance sheet, not that i approve of what they were doing recently, but i think they can get out of the -- fairly easily. >> i would just add that i think the presence of this massive fed undertaking, you know, and almost a desperate kind of way gets that the underlying problem. this is not a monetary policy issue. this is a fiscal policy issue, and we have an absolute lack of leaders, this threat of that tax policy expiration, all tax policy, much seven -- much of been in place for over a decade. completely congressionally made thing in congress and the president have refused to work on
is a strategic ally of ours in the western pacific near guam and the philippines and indonesia. last year our defense department wrote "failure to follow through on our commitments to palau as reflected in the proposed agreement would jeopardize our defense posture in the western pacific." it's important that the u.s. demonstrate its reliability as a strategic partner in the pacific by approving this 2010 agreement with palau and meeting our commitments. i urge my colleagues to support the amendment. the presiding officer: who yields time in opposition? mr. bingaman: i'm happy to see the matter dealt with a voice vote. ms. mikulski: i move the amendment be adopted by voice. the presiding officer: if there is no further debate on the amendment, all those -- mr. cochran: the senator from mississippi. mr. sessions: i object to the voice vote. i ask for the yeas and nays. the presiding officer: is there a sufficient second? there appears to be. mr. sessions: on -- to speak on this remaining? the presiding officer: there is 30 seconds remaining in opposition. mr. sessions: madam president, this is
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